Most guides tell you how fast you collect points. Almost none tell you how to turn them into a seat. This one walks the whole chain — ringgit spent, bank points, Enrich Points, the award chart, a boarding pass — and prices every link we can source from the issuer's own documents.
The chain, and where it can be priced
Every "are my points worth anything" question runs along the same four links. Three of them can be priced from published documents. The fourth cannot, and we say so rather than filling it in.
- You spendRinggit on the card
- Bank pointsTreatsPoints, Bonus Points
- Enrich PointsAt your card tier ratio
- An award seatEnrich Saver chart
Where every number on this page comes from
Each figure below was taken from an issuer's or programme operator's own published material — rewards catalogues, air-miles fee schedules and dated notices of change — not from comparison sites. Every table states its source and the date we captured it. Where a source states an effective date we give it; where it carries none, we say that too rather than implying freshness we cannot support. There is no site-wide "last updated" stamp on this page and we do not promise a refresh cadence, because a cadence we miss would be worse than no promise at all.
Step 1 — Work out what you actually hold
Before anything else, find your ratio. Not your bank's ratio — yours. The rate is set by the specific card in your wallet, and the spread inside a single bank is wider than the gap between banks.
Maybank: four tiers, one schedule
Maybank publishes its air-miles conversion schedule openly, and it is card-tier dependent.
| Your Maybank card | TreatsPoints per 1,000 Enrich Points |
|---|---|
| Classic, Gold, Platinum, Visa Signature (conventional and Islamic) | 20,000 |
| Visa Infinite, Visa Infinite Diamanté, World Elite Mastercard, Mercedes-Benz, 2 Cards Premier, Manchester United | 12,500 |
| Amex Platinum Credit, Amex Charge, Amex Gold Charge | 12,500 Membership Rewards |
| Amex Platinum Charge | 7,000 Membership Rewards |
Maybank air-miles conversion schedule, cover-stamped "last updated 1 March 2026"; captured 30 July 2026. The same schedule covers KrisFlyer and Cathay at the identical rates. Membership Rewards and TreatsPoints are two named currencies governed by one schedule — at the equivalent tier they carry the same ratio, so the split between them is not what moves the number. Card tier is.
The first row is the one most people are actually on, and it is the worst rate on the schedule. Here is the same schedule expressed the way you experience it — what a fixed balance is worth.
That premium tier has already been devalued once, and the schedule records it.
Devaluations apply to points you have already earned. That is the single strongest argument against sitting on a balance for years.
One Maybank discrepancy we are not papering over
Maybank's own myTREATS storefront prices "1000 Enrich Miles" at a flat 7,000 points, with identical pricing shown across all eight card options. That contradicts the tier-dependent schedule above for every tier except the Amex Platinum Charge. The fee schedule is the official document and the later one, so it is what we publish here. We do not know why the storefront disagrees, and we would rather tell you that than quietly pick whichever number reads better. If you are about to transfer, check what the app actually charges you before you commit the points.
CIMB: a published rate, and one of two complete chains in the market
CIMB prices Enrich at 12,500 Bonus Points per 1,000 Enrich Points in its Member Rewards Catalogue, redemption period 1 April 2026 to 30 April 2027, captured 30 July 2026. The same catalogue prices its other airline partners, and Enrich sits in the middle of them.
CIMB matters out of proportion to its market share here, because it publishes both a transfer table and a cash-equivalent rate. Only one other Malaysian programme does — Public Bank, below. That second number is what makes the breakeven in Step 4 exact rather than a guess.
HSBC: a dated trail, and nothing we will derive from it
HSBC has published dated notices of change, and they show a real repricing. Effective 1 August 2022, the Enrich conversion moved from 18,000 to 21,000 HSBC Reward Points per 1,000 Enrich Points on the HSBC Rewards catalogue, and from 13,000 to 15,000 on Premier World Rewards.
Those are the rates as they changed on that date. They are not confirmed current rates — a later notice we have not found could supersede them. So we publish the trail and stop there. We do not convert an HSBC balance into a ringgit hurdle anywhere on this page, because doing so would take a 2022 figure and let it read as today's. A caveat printed beside a big number does not retire the number; the only honest move is not to print it.
Public Bank: the cleanest rate in the market, and nobody publicises it
Public Bank prices Enrich at 12,500 VIP Points per 1,000 Enrich Points, flat across all six of its rewards cards — no tier games, no premium carve-out. Its rewards catalogue is public and needs no login. It also publishes a cash floor of 620 VIP Points = RM1, which makes Public Bank the second Malaysian programme after CIMB that can be priced end to end.
Run the same arithmetic as Step 4 and a Public Bank cardholder gives up 2.016 sen per Enrich Point — a better rate than CIMB's 2.5 sen. Every award figure on this page costs a Public Bank cardholder about a fifth less than it costs a CIMB one.
RHB and Alliance: rates exist, and the spread inside RHB is enormous
RHB publishes airline conversions across six combinations and three card tiers, spanning 8,000 to 24,100 points per 1,000 Enrich — a 3.01× range inside a single bank. Check your exact card; the headline is meaningless here. RHB also carries two live contradictory documents on expiry: a 2020 T&C calling Visa Infinite points "evergreen", and a 2025 FAQ putting them on a three-year clock.
Alliance publishes two airline partners at 15,000 Bonus Points per 1,000 Enrich. Note that Alliance renamed "Timeless Bonus Points" to "Three-year Bonus Points" effective 1 December 2025, moving them from never-expiring to a three-year clock — while keeping the abbreviation "TBP" unchanged.
AEON publishes a floor of 200 Points = RM1. Read it carefully: AEON halved its earn rate and its redemption rate together in October 2024, so the change was value-neutral. A redemption rate means nothing without the earn rate beside it.
Everyone else: the row is blank, and we are leaving it blank
| Programme | What it publishes |
|---|---|
| Standard Chartered 360° Rewards | Points-to-cash was withdrawn on 3 June 2021 by SC's own announcement, so no cash floor exists at all. Catalogue is separately behind a login |
| UOB UNI$ and UNIRinggit | Programme page states neither earn rate nor ringgit value. Quotes 12,000 UNIRinggit per 1,000 air miles without naming the airline |
| Hong Leong | A cash floor of 500 points = RM1, but no airline transfer ratio we could find |
| AmBank | Nothing we could quote from an issuer document |
If your points are in one of those programmes, the honest answer is that we cannot price your transfer, and neither can anyone else working from published data. Ask your bank in writing for the ratio for your specific card, not the headline one.
Two cards you will still see recommended that no longer exist
Citi PremierMiles and Citi Prestige are not available in Malaysia. Citi's Malaysian consumer banking business transferred to UOB effective 1 November 2022, and PremierMiles was replaced by UOB PRVI Miles Elite, which earns UOB's own currency instead. Citi retains its institutional business here, so the accurate statement is that the consumer cards are gone, not that Citi left the country. Any guide, forum post or comparison table still pointing you at either card has not been updated since the transfer — and we include our own older pages in that.
Step 2 — Move the points, and mind the mechanics
The transfer itself is where plans quietly break. Three rules from the issuers' own documents:
Transfers are one way and irreversible. Once bank points become Enrich Points they are Enrich Points. There is no route back to a cash rebate.
CIMB moves in blocks of 5,000 partner points, minimum 5,000, principal cardholder only. That block size has a real cost on cheap awards. A KL–Penang economy seat needs 2,300 Enrich Points, but the smallest transfer CIMB will do is 5,000 — which costs 62,500 Bonus Points and leaves 2,700 Enrich Points sitting in an account with a fresh three-year clock on them. Supplementary cardholders cannot transfer at all.
Maybank caps conversions. Its schedule states a maximum of 250,000 air miles per Bonus Miles Campaign and 2,000,000 air miles per customer per calendar year, regardless of how many products you hold or which airline you pick.
Two worked examples of what a real target costs at the far ends of the tier table, using only the ratios above:
| To reach 108,000 Enrich Points (KL–London Business, one way) | You need |
|---|---|
| CIMB Bonus Points, at 12,500 per 1,000 | 1,375,000 Bonus Points (22 blocks of 5,000, so you transfer 110,000 Enrich Points) |
| Maybank ordinary card, at 20,000 per 1,000 | 2,160,000 TreatsPoints |
| Maybank Amex Platinum Charge, at 7,000 per 1,000 | 756,000 Membership Rewards |
Arithmetic on the published ratios above. We cannot tell you what those balances cost you in ringgit spent, because no Malaysian rewards programme publishes per-card earn rates in its terms except CIMB — they sit scattered across roughly 150 to 200 individual card PDFs. That gap is real and it is the reason this guide prices points you already hold rather than ranking cards by how fast they earn.
Two more rates from the same Maybank schedule, which unlike Enrich are flat across every Maybank credit card: 7,000 TreatsPoints per 1,000 airasia points (the schedule still uses the retired name "AirAsia BIG Points"), and 7,000 TreatsPoints per 10 Batik Air Club points. On Amex credit and charge cards, 5,600 Membership Rewards buys 1,000 airasia points, Delta SkyMiles, Thai Royal Orchid Plus, Etihad Guest or Emirates Skywards.
Step 3 — Read the award chart
This is the part almost nobody publishes, and the reason is mundane: Malaysia Airlines puts the Enrich Saver chart on its site only as JPEG images, so no scraper, comparison portal or search engine has ever read it. The figures below were transcribed by reading those images directly.
Enrich Saver is the fixed award tier — the redemption rate stays the same regardless of when you travel, which is what makes it plannable. Malaysia Airlines also sells award seats above Saver at variable pricing, and nothing on this page covers those.
Read these three things before you use any number below
Every figure is one way. That is how the source chart is laid out, and it is the most common way a points comparison goes wrong — a one-way points price weighed against a return cash fare roughly doubles the apparent value of your points. Double the figure for a return.
Saver is the cheapest tier, not the only tier. If Saver seats are sold out on your dates, the price you are quoted will be higher and variable.
The chart carries no effective date. Malaysia Airlines states none on it, so we do not invent one. It is published here as captured on 30 July 2026. One of the source image filenames contains a date-like string, and we are deliberately not treating a filename as a source.
The six routes most people ask about
| One way from KL | Economy | Business |
|---|---|---|
| Penang | 2,300 | 9,300 |
| Kota Kinabalu | 4,600 | 21,300 |
| Singapore | 5,400 | 20,000 |
| Bangkok | 7,200 | 20,000 |
| Tokyo (Narita) | 20,400 | 50,000 |
| London | 33,000 | 108,000 |
Enrich Saver award chart; captured 30 July 2026. One way, per the column headings on the source.
Notice how the Business column moves. KL–Singapore Business costs 20,000 points — the same as KL–Bangkok, and less than half of KL–Tokyo. Business on a 55-minute hop is the most expensive way to spend points per hour in the air, and Step 4 shows why.
Domestic, complete
| One way from KL | Economy | Business |
|---|---|---|
| Alor Setar, Johor Bahru, Kota Bharu, Kuala Terengganu, Kuantan | 2,100 | 9,300 |
| Langkawi, Penang | 2,300 | 9,300 |
| Bintulu | 3,000 | 18,000 |
| Miri, Sibu | 3,200 | 18,000 |
| Kuching | 3,900 | 18,000 |
| Sandakan, Labuan | 4,400 | 21,300 |
| Kota Kinabalu, Tawau | 4,600 | 21,300 |
ASEAN, complete
| One way from KL | Economy | Business |
|---|---|---|
| Medan | 4,200 | 16,900 |
| Phuket | 5,000 | 15,900 |
| Da Nang | 5,400 | 19,200 |
| Singapore | 5,400 | 20,000 |
| Jakarta | 6,700 | 21,400 |
| Phnom Penh | 6,700 | 21,600 |
| Surabaya | 6,700 | 20,400 |
| Hanoi | 6,900 | 19,400 |
| Ho Chi Minh | 7,100 | 18,900 |
| Bangkok | 7,200 | 20,000 |
| Yangon | 7,300 | 19,500 |
| Chiang Mai | 8,000 | 24,200 |
| Denpasar (Bali) | 8,500 | 25,000 |
| Manila | 11,700 | 36,900 |
South Asia, complete
| One way from KL | Economy | Business |
|---|---|---|
| Maldives | 5,500 | 16,300 |
| Thiruvananthapuram | 7,600 | 18,200 |
| Amritsar | 8,400 | 19,000 |
| Ahmedabad | 9,000 | 19,700 |
| Colombo | 9,700 | 46,000 |
| Cochin | 11,300 | 31,300 |
| Chennai | 11,900 | 31,800 |
| Bengaluru | 12,300 | 35,400 |
| Hyderabad | 13,400 | 42,700 |
| Kolkata | 14,700 | 37,800 |
| Delhi | 16,800 | 50,800 |
| Mumbai | 17,200 | 44,000 |
| Kathmandu | 17,400 | 43,800 |
| Dhaka | 17,500 | 35,400 |
North Asia, Middle East, Australia, New Zealand and Europe, complete
| One way from KL | Economy | Business |
|---|---|---|
| Fukuoka | 7,300 | 64,000 |
| Shenzhen, Changsha | 9,500 | 56,500 |
| Xiamen | 11,200 | 37,100 |
| Chengdu | 11,600 | 35,200 |
| Taipei | 13,200 | 36,000 |
| Guangzhou | 14,000 | 40,000 |
| Hong Kong | 14,400 | 40,000 |
| Brisbane | 16,900 | 102,500 |
| Osaka | 19,600 | 50,000 |
| Perth | 19,600 | 55,000 |
| Shanghai | 19,600 | 47,500 |
| Beijing | 19,900 | 48,700 |
| Incheon | 20,000 | 48,000 |
| Tokyo (Narita) | 20,400 | 50,000 |
| Adelaide, Melbourne, Sydney | 25,000 | 75,000 |
| London | 33,000 | 108,000 |
| Paris | 31,600 | 165,200 |
| Auckland | 35,000 | 105,000 |
| Doha | 38,700 | 175,100 |
All four tables: Enrich Saver award chart, captured 30 July 2026, one way, Saver tier only.
Three rows in the source chart do not follow the pattern
We have reproduced the chart exactly as captured rather than smoothing it, and that means a few rows look odd. Fukuoka economy at 7,300 sits far below the other Japanese cities — Osaka is 19,600 and Narita 20,400 — and is priced barely above KL–Bangkok at 7,200, for a flight several times the distance. Shenzhen and Changsha at 9,500 sit below Hong Kong. Brisbane at 16,900 is below Perth, a much shorter flight. Each of those also carries a very high Business figure relative to its neighbours.
We do not know whether these are deliberate route pricing or errors in the published images, and we are not going to guess. If one of them is your route, it is worth checking what the booking engine actually quotes before you plan around it — and if it holds, Fukuoka in economy is the best-value long-haul row on the whole chart.
Step 4 — The breakeven: should you transfer at all?
Here is the question everyone skips. Points are not free money. If your programme will also convert them straight to cash, then transferring to an airline means handing back a cash rebate you could have taken instead. That forgone rebate is the real price of the seat.
For a CIMB cardholder it is exact:
One Enrich Point costs a CIMB cardholder 2.5 sen of forgone rebate.
That figure comes from two numbers CIMB publishes itself, and the working is set out in What Malaysian Credit Card Points Are Worth, which is the companion to this guide — that one prices a point you already hold, this one spends it. Multiply any award level by 2.5 sen and you have the ringgit hurdle that seat has to beat.
Read it as a pass mark. If the cash fare for that exact seat, same direction, same dates, is above the ringgit figure, transferring won. If it is below, you should have taken the rebate.
These are floors — the 5,000 block pushes the real cost up
Every figure above is the award level multiplied by 2.5 sen. It assumes you can transfer the exact number of points the seat needs, and with CIMB you cannot. Transfers move in blocks of 5,000 Enrich Points, minimum one block, so you always round up to the next 5,000.
That gap is largest exactly where it hurts. KL–Penang economy needs 2,300 points but costs one full block — RM125 of rebate, not RM57.50. KL–Kota Kinabalu economy needs 4,600 and also costs RM125. KL–Singapore economy needs 5,400, which is two blocks: RM250, not RM135. Only awards that land on an exact multiple of 5,000 — KL–Singapore and KL–Bangkok in Business at 20,000, KL–Tokyo Business at 50,000 — cost what the chart says.
The leftover points are not wasted, but they sit in your Enrich account on a fresh three-year clock. Treat the chart as the floor and work out your own block count before deciding.
That test settles most of the argument in this category. A KL–London Business fare comfortably clears its hurdle, so points win and win big. A KL–Penang economy hop has to beat RM125 once the block rounding is counted — and discount carriers frequently sell that seat for far less, which means the guaranteed rebate was the better deal. KL–Singapore economy has to beat RM250 on the same arithmetic. Block rounding makes the short-haul case worse, not better — it strengthens the conclusion rather than softening it.
The honest Malaysian headline is not "collect miles". It is transfer for premium cabins and long-haul; for domestic and regional economy, take the cash more often than you think. No affiliate-funded comparison table is going to tell you that.
What this hurdle does not include
Award bookings carry a cash component on top of the points — taxes and any carrier-imposed charges. We have not captured that per route, so treat every ringgit figure above as the points half of the price. The correct full formula is (cash price − cash you still pay) ÷ points required. Before you commit, read the cash amount the booking engine quotes alongside the points and add it to your side of the comparison. On some routes it is large enough to flip the answer.
If your points are not CIMB's
The 2.5 sen hurdle is CIMB's, and it is exact because CIMB publishes a cash rate. It is not a universal Malaysian figure and we are not going to present it as one.
- Maybank gets no hurdle from us. Maybank publishes no cash-redemption rate we could verify. The ringgit figures beside items in the myTREATS store are not an independent valuation — they are the points price divided by 500, on every item, so working "value per point" back out of them just returns the same number for everything by construction. That is a tautology dressed as a measurement, and we will not print it as a rate. What you can use is the tier table in Step 1 to see how much of your balance a given award consumes.
- HSBC gets no hurdle either, for the reason in Step 1: the ratio we can source is dated 2022 and we cannot confirm it is current.
- A missing hurdle is a missing hurdle. We would rather leave it blank than fill it with something that looks precise and is not.
The third route: buying the points outright
Malaysia Airlines sells Enrich Points directly at RM0.055 to RM0.085 each — as far as we can tell the only published ringgit price for any Malaysian loyalty currency. That gives an Enrich Point two sourced acquisition prices:
| How you get the point | What it costs you |
|---|---|
| Transferring CIMB Bonus Points | 2.5 sen of forgone cash rebate |
| Buying from Malaysia Airlines | 5.5 to 8.5 sen |
Transferring is between 2.2 and 3.4 times cheaper than buying. The practical use of the buy price is topping up a shortfall: if you are a few thousand points short of a seat you want, 8.5 sen a point is the most it costs to close the gap.
What the buy-points price is not
It is tempting to read RM0.085 as a ceiling — "no redemption can be worth more than what Malaysia Airlines will sell you the points for". That is wrong, and we are being explicit about it because an earlier version of our own travel-cards guide said it before we caught it.
The buy price is an acquisition cost. It does not cap the value a redemption delivers. If a one-way Business seat prices at a fare far above what the points cost you, your realised value per point is far above 8.5 sen — and buying points at 8.5 sen to reach that seat is a profitable move, not an irrational one.
The defensible version is narrower: if you can always buy a point at 8.5 sen, you should never pay more than that to acquire one. That bounds what you pay. It says nothing about what a seat is worth.
Step 5 — The expiry traps
Every comparison site answers this with "three years". Three years measured from what is the part that actually bites, and it differs by programme.
| Programme | When the clock starts |
|---|---|
| Enrich Points | 3 years from the month credited; never expire while you hold Enrich Platinum tier |
| CIMB Bonus Points | 3 years, expiring at the end of the quarter they were earned in |
| HSBC Reward Points | 3 years from the date earned |
Enrich terms and Malaysia Airlines FAQ; CIMB Member Rewards Catalogue; HSBC programme terms. All captured 30 July 2026.
The trap is that two clocks run, not one. Your bank's clock runs while the points sit as Bonus Points or TreatsPoints. Transferring stops that clock — and starts Enrich's three years from the month the points land. Transfer early and you have moved your balance into a shorter, harder deadline for no gain. Transfer when you have a seat in mind, not when you feel like tidying up.
Because the anchor differs, two people who spend identically in the same month can hold points that die months apart. Check your own programme's anchor rather than a general rule.
Three more limits worth knowing before you plan around a balance:
- Enrich points can be extended for 12 months at MYR 0.085 per point. That is the same price Malaysia Airlines charges to sell you a fresh point, so on a small balance it is usually cheaper to let it go than to pay to keep it.
- HSBC Reward Points cannot be exchanged for cash — only Reward Items and Rewards Cash. Air Miles earned on the Premier Travel card cannot be converted back into Reward Points either. That is a one-way door.
- HSBC caps additional Reward Points at 15,000 per merchant category per cardholder per month. Bonus-category earning is not unlimited, and the cap rarely appears in the headline.
What this guide cannot tell you
Coverage matters more than confidence on a page like this, so here is the honest edge of what we know.
- We put no airfare in any figure on this page. Every ringgit number here is derived from published points prices and published cash rates — never from a fare. The chain closes on every link except the last one, what the seat is actually worth in ringgit, which needs cash-fare sampling on the same routes and dates. We have not done that sampling, which is why this page gives you an exact hurdle instead of a verdict.
- Where we say a discount carrier "usually" undercuts a short-haul hurdle, that is a general observation about the Malaysian market, not a measurement. It is not sourced and it is not in any figure. Check the fare on your own dates before acting on it.
- We cannot tell you how much you need to spend. That needs per-card earn rates, and no Malaysian rewards programme publishes them in its terms except CIMB — they are scattered across roughly 150 to 200 individual card PDFs. Without that denominator, nobody can honestly rank Malaysian cards on how fast they earn a seat, including us.
- Maybank has no verifiable cash floor, so it gets no breakeven. Not an estimated one — none.
- HSBC's Enrich ratio is dated 2022 and we derive nothing from it. A figure we can date but cannot confirm is current produces no hurdle on this page.
- Standard Chartered, UOB, Public Bank, RHB, AmBank, Alliance and AEON publish no airline transfer ratio we could quote. Login walls, silence, or a single unverified advertisement. Hong Leong publishes a cash floor but no transfer ratio, so its chain stops at the first link.
- Award taxes and carrier charges are not captured per route. Every figure here is the points half of the price.
- Seat availability is not a number we hold. A fixed chart prices a seat; it does not conjure one. Saver award inventory is limited and long-haul Business in school holidays is the hardest of all.
- The Enrich Saver chart carries no effective date. We publish it as captured on 30 July 2026 and will not invent one.
- Every figure on this page carries its own source and capture date. There is no site-wide freshness banner, and we make no promise about how often this page is refreshed — a cadence we missed would undermine exactly the credibility this page is built on.
The bottom line
- Find your ratio first, by card and not by bank. If you hold an ordinary Maybank card your rate is 20,000 TreatsPoints per 1,000 Enrich Points, not the 12,500 that gets quoted in coverage of the 2025 change or the 7,000 shown in the store. Those three figures are three tiers, not a contradiction.
- Price the seat from the Saver chart, one way. It is fixed, so it is the one part of this you can plan against.
- Multiply by your breakeven before you transfer, then round up to the block. At CIMB's 2.5 sen a KL–London Business seat has to beat RM2,700. A KL–Penang hop looks like RM57.50 but costs a full 5,000-point block, so it has to beat RM125. One of those is easy and one of those is not.
- Transfer late, not early. The transfer is irreversible and it restarts the expiry clock. Do it when you have a seat picked out.
- If the number you need is not published, do not accept an estimate for it — from us or anyone else. Ask your bank in writing for the ratio for your specific card.
Figures on this page come from the Malaysia Airlines Enrich Saver award chart and buy-points price table, Malaysia Airlines' Enrich terms and FAQ, the CIMB Member Rewards Catalogue (redemption period 1 April 2026 to 30 April 2027), Maybank's air-miles conversion fee schedule (last updated 1 March 2026), and HSBC Malaysia's dated notice of change of 25 May 2022 — the issuers' and programme operator's own published documents, not comparison portals. All were captured on 30 July 2026. Award levels, conversion ratios, cash floors, caps and expiry rules change periodically, and several of the source documents carry no effective date. Always confirm current terms directly with your issuer and with Malaysia Airlines before transferring anything. money.com.my is not a licensed financial adviser; this guide is informational only and does not constitute financial advice.
This guide carries no affiliate links and we are paid nothing by any bank or airline named on it. It is AI-assisted with editorial review. Every factual claim is checked against primary sources before publication, and where a figure cannot be verified against one we say so rather than estimating. If you find an error, email editorial@money.com.my — corrections are published with a dated amendment note.